Fernando Zobel de Ayala back in BPI Board

Bank of the Philippine Islands (BPI), the country’s oldest lender, on Thursday announced the return of Fernando Zobel de Ayala to the company’s board, replacing Romeo Bernardo who was appointed to the Monetary Board of the Bangko Sentral ng Pilipinas (BSP).

In a statement, BPI said Zobel de Ayala was elected as a director of the BPI Board on Wednesday, September 20, following Bernardo’s resignation effective September 12.

“I am glad to welcome Fernando back to the board of BPI. Fernando has played a crucial role in the bank’s history and transformation throughout his almost three-decade tenure as non-executive director of BPI’s Board,” BPI chairman Jaime Augusto Zobel de Ayala, his brother, said.

Fernando resigned from his positions in Ayala Corp. and from other companies under the group in September 2022, to focus on his health and recovery after taking a medical leave of absence in August 2022.

He earlier took over the Ayala Group’s top positions in April 2021, as his brother Jaime focused on his role as chairman of the conglomerate.

The Ayala Group of Companies has principal businesses in real estate and hotels; financial services and insurance; telecommunications; water; industrial technologies; power; automative; and outsourcing, among others.—AOL, GMA Integrated News